A reader's journal sharing the insights of various authors and my take on a variety of topics, most often philosophy, religion & spirituality, politics, history, economics, and works of literature. Come to think of it, diet and health, too!
Wednesday, May 4, 2011
Good Keynesianism
Referring back to economics once again, this is Krugman explaining how Keynesian insights have been abused. Indeed, we use "stimulus" way too much. We need to save during the good times and spend up during slack times. But, oh no, some can't bear the thought of money in the til. Foolish democracies: can we be trusted with Keynesian insights?
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